A D.C. think tank argues that the nation's manufacturing center needs help from lawmakers, contrary to recent federal research.
The Information Technology and Innovation Foundation slammed a recent Congressional Research Service report as overly rosy and suggested that "U.S. manufacturing is in trouble and needs help more than ever.”
The group said that the CRS estimate of a 12 percent manufacturing employment decline between 2003 and 2013 used unofficial data and a poorly selected timeframe.
Statistics from the Bureau of Economic Analysis, by contrast, showed a decline of more than 30 percent between 2000 and 2013, ITIF said.
In addition, ITIF analysts said that U.S. manufacturing output is likely down and that a series of positive indicators cited by CRS — research and development, foreign direct investment and domestic manufacturing inputs — were misrepresented or overstated.
“We need to take an honest look in the mirror," said ITIF President Robert Atkinson. "Right now, the state of U.S. manufacturing is not a pretty picture."